2024
10
A Year of Innovation in the Wine, Spirits and RTD Market 2024
2024-02-20T16:00:34+00:00
REP9A701E2C_F0B1_4E1B_9965_618DD3640B7F
2195
170723
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Report
en_GB
RTD innovation continues to pivot around novel and unique flavour combinations and alcohol reduction. Sustainability continues to be relevant in wine and spirits. Mikolaj Kaczorowski, Innovation Analyst…
Global
Wine
Spirits and RTD
simple

A Year of Innovation in the Wine, Spirits and RTD Market 2024

Explore the latest global innovations across the global wine and spirits industry in 2024. Our global trends market report identifies the biggest launch activities, pivotal consumer attitudes and important advances of the year across regions like EMEA, APAC, and the Americas.

Wine and Spirits Industry Innovation – EMEA

RTD (ready-to-drink) brands are responding to increased interest in low and no-alcohol RTDs as consumers, especially younger adults, look to moderate their alcohol intake. Heightened consumer interest in sustainability is prompting brands to innovate around more eco-friendly packaging.

  • 54% of 18-24 year olds in Germany say they would like to see more low-alcohol RTDs.

Innovation in the Spirits Industry – APAC

RTD producers are exploring spirits and tea-based flavours to entice consumers to the category. Gin has seen a boom in launch activity in the region with brands focusing on local production and innovative ingredients.

  • 55% of alcohol drinkers in China say that a novel flavour is a purchasing motivator when buying alcohol.

Wine and Spirits Industry – Americas

New and cross-category brands are infusing the RTD space with flavour innovation in the spirits industry. Both the whisky and tequila sub-categories have seen a surge in share of spirit launches in the US.

  • 64% of RTD consumers in the US buy RTDs based on flavor.

To discover more about the wine and spirits industry, read The Future of Wine and Spirits 2024 Report, or take a look at our extensive Alcoholic Drinks Market Research.

Expert Analysis from an Innovation Specialist

This report, written by Mikolaj Kaczorowski, a leading innovation analyst, delivers in-depth commentary and analysis to highlight innovations in the spirits industry and add expert context to the numbers.

RTD innovation continues to pivot around novel and unique flavour combinations and alcohol reduction. Sustainability continues to be relevant in wine and spirits.

Mikolaj Kaczorowski, Innovation Analyst

Mikolaj Kaczorowski
Innovation Analyst

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  1. EUROPE, MIDDLE EAST & AFRICA (EMEA)

    • Europe: brands address consumer demand for more low- and no- alcohol offerings
    • Graph 1: flavoured alcoholic beverages, by share of launches with an ABV of less than 0.5%, 2019-23
    • Europe: sustainable claims record an increased share of launch activity in wine and spirits
    • Graph 2: wine and spirit launches, by share of select ethical and environmental claims, 2019-23
    • The Middle East & Africa (MEA)
  2. Asia Pacific (APAC)

    • Asia: flavour innovation keeps the RTD sector vibrant and relevant
    • Graph 3: RTD launches, by share of beverage flavour component group, 2019-23
    • Asia: gin brands are tapping into growing consumer interest in the spirit
    • Graph 4: spirit launches, by share of spirits sub-category, 2019 vs 2023
    • Australia & New Zealand
  3. the americas

    • North America: RTD brands drum up excitement with flavour innovation
    • Graph 5: RTD launches, by top 10 flavour component sub-groups, 2023
    • North America: whisky and tequilas gain launch activity share
    • Graph 6: spirit launches, by share of spirits sub-category, 2019-23
    • Latin America
    • Graph 7: spirit launches, by sub-category, 2023

What is 'A Year of Innovation' Report?

To truly understand a market, it’s essential to look at the products that are shaping it. Our ‘A Year of Innovation’ reports provide a detailed review of specific categories, focusing on the most notable product launches from the past 12 months. These reports are designed to give you a clear and comprehensive picture of recent innovation and its impact.

How We Analyse a Year of Innovation

By deconstructing the past year’s activity, we can provide valuable context for your current and future strategies. Here’s how we do it.

A Deep Dive into Product Launches

The core of these reports is a thorough examination of new products. We go beyond simply listing what’s new. Our analysis delves into the “why” behind each product launch, exploring the strategies, ingredients, and marketing claims that are driving innovation. This helps you understand what’s working, what’s not, and where the market is headed.

Powered by the Global New Products Database (GNPD)

Our insights are built on a foundation of robust data from Mintel’s Global New Products Database (GNPD). This powerful tool tracks and catalogues new product launches from around the world. By leveraging the GNPD, we offer a complete exploration of innovative activity within your category, ensuring our analysis is comprehensive, accurate, and relevant.

Uncovering Trends and Consumer Shifts

Our ‘A Year of Innovation’ reports are designed to equip you with actionable insights into how to lead innovation in your category. By studying recent product launches, we can identify shifting consumer habits and preferences. These reports help you connect the dots between what consumers want and how companies are responding. You’ll gain a deeper understanding of emerging trends, allowing you to refine your own product development and marketing strategies with confidence.

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